How would you apply a linear programming model to your business? Provide one business application problem to solve.
How would you apply a linear programming model to your business? Provide one business application problem to solve.
Linear programming model in the business is divided into below types
1)Production management
2)Inventory management
3)Financial management
4)Marketing management
5)Personnel management
These are the basic parameters to studied and then used for solving the business problems.
Linear programming is connected for deciding the ideal designation of some resources as materials and labour and also machines for firm.And also it utilized to decide the ideal item blend of the firm.
The procedure of linear programming is to empower the work force administrator to take care of issues identify the determination and preparing and also sending of labour for different sections in the firm.
Linear programming is additionally appropriate to mixing the differnt problems and issues when a last item is delivered by blending the assortment of the raw materials.
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